Before Uber, Lyft and other so-called transportation network companies can rev up to offer rides in Nevada, a state agency’s draft rules have a few more steps to navigate. The Nevada Transportation Authority this week submitted 15-pages of draft regulations …
Hailing a ride through a smartphone app is closer to becoming a reality in Montana. The Public Service Commission voted unanimously this week to approve rules regarding a new class of license for firms that use apps to connect passengers …
Plains All American Pipeline LP’s ruptured California oil pipeline may have spilled 41 percent more crude than currently estimated, the company said on Wednesday. In a presentation accompanying Plains’ quarterly earnings call with analysts, the company said the May rupture …
Citing personal reasons, Manny Rios has resigned as president and CEO of specialty insurer American Modern, effective immediately, the insurer announced today. Tony Kuczinski, president and CEO of Munich Reinsurance America Inc., and chairman of American Modern, said he will …
Wild weather has become more common with climate change, the experts say, and homeowners can prepare for natural disasters by making home inventories — detailed lists of household belongings and their approximate value. Making a home inventory can be easy; …
The U.S. Senate will not vote on a cyber security bill until September, after lawmakers return from a four-week recess and consider the nuclear agreement with Iran, the chamber’s leaders said on Wednesday. Some lawmakers had called for urgent consideration …
Harman International Industries Inc., the maker of the audio system in the Jeep Cherokee that was hacked remotely, said the software flaw that allowed that incident isn’t in infotainment systems it supplies to other automakers. The U.S. National Highway Traffic …
Europe’s push to promote asset-backed securities (ABS) hinges on persuading insurers to buy the debt by easing capital requirements, investors and analysts said. European Union and global regulators recently proposed criteria for identifying simple and transparent securitizations that could qualify …
Third Point Reinsurance Ltd., headquartered in Bermuda, reported net income of $15.7 million, or $0.15 per diluted common share, for the second quarter of 2015, compared with net income of $31.3 million, or $0.29 per diluted common share, for the …
It’s been interesting to watch the growth of employment practices liability insurance (EPLI) during more than 25 years of working in the specialty insurance industry. Twenty years ago EPLI was rare in the United States and, even a decade ago, …
